Clarity required as Swindon Town owner Clem Morfuni secures debt against club for first time
04.04.26, 23:58 Updated 05.04.26, 11:08 5 Minute Read
Sam Morshead
Fans are seeking answers after chairman Clem Morfuni secured a debenture against Swindon Town Football Club’s assets.
On Good Friday (April 3), paperwork appeared on the Companies House website, showing that Axis Plumbing NSW Group Pty Ltd had raised a charge against the football club, its assets and intellectual property.
Axis Plumbing NSW Group Pty Ltd is one of many Axis entities operating worldwide.
The charge is a debenture: a type of loan. These loans, which give lenders the reassurance of collateral in an agreement, are not unusual.
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Sam Morshead is the founder and editor of The Moonraker. He was previously the chief sports writer at the Swindon Advertiser, head of sport at Total Swindon, and has been a Swindon Town fan since 1994.